Member Info for Just_My_Opinions

Safe for now, I don't have a crystal ball... do you?

So is block 26 worth $800m if hypothetical peace were to come to Syria? I understand GPX only has a 50% working interest. So it must be worth $800 million if you're arriving at a figure of $400m Also why would the asset automatically mean GPX's market cap would be $400m... surely it's not valued only on assets... there are many factors, not least the extremely depressed oil price surely?

The posts you just copied and pasted were not on the thread I started... you're digging up posts from other threads in order to try and save face after I pointed out that I had no clue about the article at the time of typing.. Digging a hole, you're still digging... maybe at this rate you'll strike oil and farm it out to GPX :-) This is all the knowledge I need on GPX... Syria = Block 26... Sanctions, most active war zone on the planet. 200,000+ Islamic State terrorists and a plethora of other terrorist organisations, no chance of any meaningful ceasefire anytime soon. Assad is supported by Russia, and the opposition want him out. Even if that was ironed out and Assad gave up power... all the other terrorists in the country are going to continue to make Syria a living nightmare. Columbia, Tunisia etc.... Exploration, nothing of value other than the potential to farm out exploration and benefit should anything of value be found. Doesn't look promising with the current oil price, especially as it looks likely to fall given recent developments with Saudi. So attacking me for memorizing every single minor detail is pointless. It's still one of the biggest gambles on the AIM market. Good luck to those who have taken the gamble, if it comes good well done.

"Outlook for 2016 and beyond The Group remains committed to maintaining its presence in Syria, and it considers its partnership with General Petroleum Corporation ("GPC") as a key element for the safe stewardship of Block 26 while the various sanctions prevent Gulfsands from a more active role. We shall continue to seek to farm-out the assets we hold in Morocco, Colombia and Tunisia ensuring we can benefit from any success but without being exposed to the full cost of exploration." So apart from Syria it holds rights for exploration. I'm sure those rights are massively attractive given the current oil price... especially now that "Mohammed bin Salman in Saudi" said an output freeze is only possibly if Iran and other countries agree. With Iran stating openly it intends to increase production by 1 Million bpd and that it was unfair to ask them to freeze or cut production after years of sanctions... it's not looking good for oil to even stay where it is now. A punt, a gamble... it might work out with a bit of luck. Good luck to those who bought shares, if it does go well the reward will probably be massive.

Leljjb, This share is a punt for anyone invested whether they like to admit it or not. Regardless of any material information in the company report. It operates in Syria... In terms of risk... the entire country has the potential to be completely lawless if the Assad regime falls. It might already be completely lawless with the Assad regime as it is. Even if it was thriving, it would be thriving in a country at risk of total collapse. It might very well go on to do well, but it can't be analysed simply on it's financials, contracts or what have you.... because all of that could me completely meaningless if the regime were to fall. Yes Russia is helping the regime... but for how long? No one knows... and no one knows how long the regime can survive with it's economy in tatters.

in4, Firstly I posted a link with one word only "interesting", how you arrived at my thoughts on this article from one word "interesting" is puzzling? Secondly when I posted previously I was unaware at the time of asking for the evidence of the 10% holder that a news article had exposed who that holder was. You started talking about an article by "Danny Fortson" after I had asked, but elaborated no further. So I consider myself informed after search for info on it... to imply I doubted the article with exactly "zero" knowledge of the article prior to you "somewhat" informing me, is simply wrong. Feel free to not award me a green thumb, I don't care in the slightest haha :-) My thoughts on the company are, it operates in the most war ravaged nation currently on the planet. I read a while back that Kurdish intelligence estimates there are around 200,000 Islamic State fighters in Syria, and that's not even taking into consideration the plethora of other terrorist organisations currently operating in Syria. There' no real ceasefire in Syria, not remotely anywhere near it. But good luck with your investment, high risk may been extremely high reward in the future for you if this company miraculously does do well in probably the most dodgy country currently on the planet. I simply posted the article as I noticed it and thought some people here might like to read it, given that a lot of people here will be invested in this company and Asfari has been listed as a shareholder by the previous article you spoke of.

http://www.buzzfeed.com/solomonhughes/major-tory-donors-oil-company-linked-to-syria-bribery-allega#.txLyl5YN7

Oh dear

For shareholder reading reports and rns, for shareholder not close to the action... They need to assume to main players know more than them. For me if taking a gamble, because that's what this is IMO. For taking a gamble it would depend on how much skin the main players had in the game, and how much that skin was in relation to their overall networth. If they've stuck in a large amount of their networth that would suggest a high degree of confidence. If as large as their stakes me be, turn out to be a tiny amount of their networth... Then common sense would tell me they also could be taking a punt. Good luck to those who hold, fortune favours the brave.

Anyway, I'm done. I'm not long, I'm not short. Best of luck to anyone who bought in at today's highs, hopefully Mr 10% knows something not in official RNS and your gamble pays off.

plain English*

Putting the open offer into plane English. Either existing shareholders passed the resolution(s) and bought more sales (plus Mr Griffiths and Waterford) bought the remaining shares from the open offer. Or the company could "have been" as in past tense, could have been folded. Note I'm acknowledging that this could have happened, but did not happen. Will you now accept that if the company "does not" manage to farm out as planned, it will need to either (a) need another cash call in 8 months time. Or (B) Fold. So it's ability to keep going after 8 to 12 months is based on successful farming out even with a low oil price. Or the ability to get more money from shareholders, or obtaining finance from somewhere else. And Syria's being peaceful? Sounds promising.

could see nothing to suggested I buy*

Multi, Does it make you feel better implying I'm shorting? Not sure why.... if I was shorting from when I began commenting on GPX I'd have made a killing already. Honestly...I'm not even sure why I commented, I considered getting in for a short term trade when it pulled back from 60 odd percent. Then I seen the spread widen by quite a bit and though... that prohibits the short term trade even if it only rises another 5% or so. And that I'd done this sort of trade before and gotten burned. I then looked for reasons to override that thought process... and could see nothing to suggested I held. So an oil tycoon has taken a 10% stake at lower levels... a drop in the ocean of his overall wealth. So what is significant to us mere mortals probably isn't that significant to the oil tycoon.... so that in itself is not a reason for me to take a punt on this stock. Peace in Syria definitely isn't a reason for me to take a punt on this stock either. The Syrian government is pretending to cease fire against the FSA and rebels etc... but they're still bombing Islamic State, Al Nusra Front etc... Russia is doing the same. There isn't a cease fire at all. Just something to dangle a carrot in front of the West to keep them off their backs for a bit whilst they continue to pumble the terrorists. I remember reading a while back that the head of the Kurds military said his intelligence estimated around 200,000 Islamic State fighters and an unknown number in the other terrorist groups. So I'd say peace in Syria is extremely unlikely even over the next couple of years. GPX has a convertible loan facility but said they think they have enough money to last 8 months before additional funding is required, and that they were actively trying to farm out etc The convertible loan facility will likely heavily dilute shareholders if it hasn't already done so. I doubt farm out will be successful given the current oil price too. Nope, not taking a punt on this one.

Wow £38 thousand and £55 thousand... really? Well please pinch me I must be dreaming. 55,000 divided by 48,240,000 x 100 = 0.11% 38,000 divided by 48,240,000 x 100 = 0.078% Quick, someone hold me back... I'm sticking the mortage on this, the lot... Webuyanycar can have my car... I need to load up on this share now. Or maybe not....

$20million

in4 Ah I see now, it's a lovely convertible loan facility of £20 Million. I've bought apples of that cart before. Why don't you go ask the people on the ECR forum what they think of YA Globals convertible loan facility. Queue the massive dilution and months of shareholders trying to convince themselves that it's all good for shareholders as it keeps the company afloat. And farming out? I can't imagine that would be particularly attractive to other companies given the current oil price. The board has said they think they have enough money to last another 8 months. Without reading each and every RNS... how much of the Convertible Loan facility is left? Has GPX drawn down on it heavily... and what's the dilution been like so far? In my experience convertible loan facilities help poor companies last a bit longer... and if they survive and it's a big if... the shareholders tend to have taken a very big haircut with dilution.

So who's bank rolling GPX? What's it's break even oil price in normal operating conditions? The Syrian government not attacking the FSA etc isn't quite peace is it? Shall we just forget about the 200,000 Islamic State terrorists and the rest in various other terrorist groups?

You really think the Islamic State and the rest of the radical terrorist groups are going to suddenly support peace? No idea why he would take the stake, do bigger shareholders get first dibs on assets if the company folds?

Shujja, Who is Mr 10%... what evidence is there for a Mr 10%. And how do you know a Mr 10% is buying exactly? I'm looking for actual tangible evidence here.